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Technology Stocks : Emulex, What Prospects?
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To: CatLady who wrote (528)8/25/2000 7:04:31 PM
From: Peter V  Read Replies (2) of 788
 
A less obvious way to profit would be by buying calls on the way down, then sell after the recovery.

Right you are CL. But as I told Archimedes, there is less assurance that a stock will recover immediately after such an attack, given the uncertainty factor.

Nice profit potential on those options. I hope our friends at justice and the SEC are examining those trades. Given that the profit window was just a few hours (you had to open or close a trade during the decline), it should not be hard to identify all the trades and see if there was a trend. But it may be a needle in a haystack, the better way is to track the trail from the PR.
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